For Struggling Steel Industry, China Offers Hope

By

Rhiannon Hoyle And

Laura Clarke

Updated Aug. 21, 2012 5:47 a.m. ET

Signs of a turnaround in the property market and increased infrastructure investment in China could offer a glimmer of hope that the steel market is headed for a recovery, even as market participants suggest the floundering sector may struggle to rebound until 2013 at the earliest.

Steel prices continue to fall after a lengthy period of weakness during which the price has plunged below the cost of production for many steel...